Spain benchmark power price down 8 pct at auction

Spanish wholesale power prices used as a benchmark for retail prices in the coming quarter fell by 8.6 percent at a quarterly auction, organisers said on Wednesday.

Spain’s power market is deregulated except for small consumers, who may choose between free-market or regulated “last resort” rates based on the so-called “Cesur” auction.
http://mobile.reuters.com/article/idUSL6E7NL1ZF20111221?irpc=932

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